Why on earth would a legitimate whale be dropping money into bitfinex and tether lol, they barely have banking relationships. They have at times literally not had access to withdrawals — because they were pretending not to be who they are and were caught by Wells Fargo. A few times if memory serves. You think a whale is dropping $2 billion dollars of new money into tether prints via bitfinex?! What kind of mad man would do that when they have access to Coinbase and Gemini, where they could actually get their money back out?
Remember this is newly printed tether which means net deposits of new actual usd, if you believe them - and of course I do not.
Look all I want to see is one measly audit of a $20 billion dollar money pile is that so much to ask? You’ll have to forgive me if I don’t take yet another rando with vested interest word for it. Well one auditor who doesn’t quit half way through because, and I assume this is true, it was too on the up and up to bother finishing the audit.
It's almost quaint how this December 2019 article talks about "the concern surrounding the creation of large swaths of Tether in 2017", when about $2.5 billion of Tether was issued.
In the time since it was published, when Tether had issued about $4.5 billion total, there have been over $14 billion additional Tether, a 4X expansion of the total supply, or 7.5X what was described as "large swaths of Tether" in this article.
